The Public Investment Board has given a nod to 1,000-MW coal based thermal power station, to be jointly executed by Neyveli Lignite Corporation (NLC) and Tamil Nadu Electricity Board at Tuticorin, a top NLC official said on Wednesday.
The project was now awaiting sanction from the Centre, NLC Chairman S Jayaraman said in his Independence Day address at the Bharathi Stadium here.
He said NLC had recorded a sales turnover of Rs 2,610.26 crore in 2006-07, compared to Rs 2,502.02 crore in 2005-06. Net profit was Rs 566.78 crore for 2006-07 against Rs 702.35 crore in 2005-06, he added.
Work was in progress on a 500-MW power station and lignite mine at Neyveli. "Lignite production and power generation will start at the end of 2009," he said.
The project was now awaiting sanction from the Centre, NLC Chairman S Jayaraman said in his Independence Day address at the Bharathi Stadium here.
He said NLC had recorded a sales turnover of Rs 2,610.26 crore in 2006-07, compared to Rs 2,502.02 crore in 2005-06. Net profit was Rs 566.78 crore for 2006-07 against Rs 702.35 crore in 2005-06, he added.
Work was in progress on a 500-MW power station and lignite mine at Neyveli. "Lignite production and power generation will start at the end of 2009," he said.
Via: India Economic Times
